PEPE

Alert

Funding spread now, next payment 15:00 UTC+0.0206%/8h

paid, last 24h0.000%paid, last 5 days+0.003%to open and close $10k−$139

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.003% in total (about 0.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 1000PEPE-USDT	0.000004685	0.0100	pay 0.0100% / 8h	1h 01m	$2K	$1.6M	20x
Short	Backpack kPEPE_USDC_PERP	0.000004698	0.0306	get 0.0038% / 1h	1m 29s	$130K	$223K	15x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee BackpackbpOrdersRate

Funding earned: $43.18
Slippage, 4 orders: −$119.42
Fee SunX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$96.25
Break-even: 22.6 days

Slippage from SunX: live order book, 10 min ago; Backpack: live order book, 53 min ago.

Price risk

price view

Price gap now: +0.277%
Avg gap 7d: −0.184%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 10 min ago	29.26 bp	48.3 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 53 min ago	0.12 bp	6.1 bp −$6	20.5 bp −$205	doesn't fit	doesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PEPE/USDC PERP	−0.0104%	1h	$17K	$39K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	$17K	—	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0002%	1h	$4K	—	150x	as long as short
Phemex u1000PEPEUSDT	+0.0046%	8h	$2.3M	$5.3M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0073%	8h	$29K	$4K	20x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$132K	—	3x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	$219K	$454K	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	$56K	$37K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	$108.7M	$525.4M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$82.7M	$136.3M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PEPE-USDT-SWAP	+0.0100%	8h	$34.7M	$263.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$116.5M	$29.4M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	$104.1M	$226.3M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.3M	$26.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$44.7M	$67.8M	75x	as long as short
BingX 1000PEPE-USDT	+0.0100%	8h	—	$171.7M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$642K	$1.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$327K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$111K	$729K	25x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	$2K	$1.6M	20x
SoDEX 1000PEPE-USD	+0.0100%	1h	$1K	$8K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$538K	$2.5M	75x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	$502K	$212K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0121%	8h	$5K	$52	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0177%	1h	$50K	$75K	25x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0200%	1h	$689K	$8.6M	50x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$3.2M	$13.4M	75x	as long as short
Backpack kPEPE_USDC_PERPshort	+0.0306%	1h	$130K	$223K	15x
Aster 1000PEPEUSDT	+0.0381%	8h	$1.4M	$3.1M	50x	as long as short
Hyperliquid kPEPE	+0.0437%	1h	$54.5M	$37.3M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0489% / S −0.0807%	1h	$70K	—	100x	as long as short
Kraken Futures PF_PEPEUSD	+0.0497%	1h	$3.0M	$8.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.0576%	1h	$540	$1K	10x	as long as short
Lighter 1000PEPE	+0.0792%	1h	$709K	$3.1M	10x	as long as short